Q: If you raise this Rs 100 crore by FCCB/GDR and Rs 200 crore via QIP, what is your total number of issued shares at the end of all this, you have already doubled from 2.5 crore to 5 crore share last year, what will be the total number of share outstanding?
A: We have taken a resolution to raise our authorized capital to Rs 700 crore.
Q: So your share dilution could be doubled, you could have about 10 crore or seven crore outstanding shares at the end of this?
A: Yes that's right.
Q: So at the moment, what is the shareholding of the promoters and after your raise this Rs 100 or Rs 200 crore or so, what is the share of the current promoter whoever they are and what will they be left with after you finish these dilutions?
A: The current promoter shareholding is very low, we have about 50,000 shareholders. We are proud to say we are a professionally managed company. So after this dilution, we would have a very wide shareholding where the promoter holding would be extremely low.
